Umee Public Sale FAQ
1) What is Umee
Umee is a cross chain DeFi hub that interconnects between blockchains.
As a base layer DeFi protocol, applications and money lego primitives can be built on top of Umee to access cross chain leverage and liquidity. The Umee Blockchain facilitates interoperability between the Cosmos ecosystem, Ethereum network, side chain architectures, layer two scaling solutions, and alternative base layer protocols.
The native Umee token is a Proof of Stake asset that can exist as a Cosmos SDK token and an ERC20 token on Ethereum.
As a Cosmos SDK blockchain, the Umee Network is interoperable with blockchains including Terra, Crypto.com, Binance Chain, Osmosis, Secret Network, and 30+ other chains, plus Ethereum, from Day 1.
Read more:
https://medium.com/umeeblog/introducing-umee-the-cross-chain-defi-hub-9f65eb5fec66
https://medium.com/umeeblog/enter-the-umeeverse-cross-chain-defi-f0a7a48db144
https://docs.umee.cc/umee/
2) Is Umee a base layer blockchain
Umee is a base layer blockchain, similar to Terra, Binance Chain, Crypto.com, Solana, Ethereum, Polkadot, etc. Umee has its own validator network and uses the Proof of Stake Tendermint BFT consensus mechanism.
Read more:
https://docs.umee.cc/umee/umee-technical-overview/untitled/why-umee#umee-is-a-base-layer-defi-hub
https://tendermint.com/sdk/
4) Umee Roadmap
2021 October: Umee Network Deployment – Done
2021 October: Umee Ethereum Lending and Borrowing Application – Done
2021 November: Umee Network and Gravity Bridge Deployment – Done
2021 November: Umee Alpha Mainnet Launch – Done
2021 December: Umee Network Lending and Borrowing Application testnet
2021 December: Umee Base Functionality Deployment on Testnet
2022 January: Security Audits
2022 February: Umee Base Functionality Deployment on Mainnet and Token Launch
2022 March: Umee Lending Facility Upgrades
2022 April - December
-Protocol developments on top of Umee: meTokens, staking curves, defi debt protocols
-Umee Polygon Lending and Borrowing Application
-Umee Arbitrum Lending and Borrowing Application
-Umee Optimism Lending and Borrowing Application
-Umee Solana Lending and Borrowing Application
-Umee Binance Smart Chain Lending and Borrowing Application